UK house prices have been falling in “real” terms – after inflation – for while. But now the pace of decline is picking up. John Stepek looks at where the property market is likely to go next.
Britain's house price bubble
Changes in the tax relief afforded to landlords could wipe out much of the profit from buy-to-let, and drag down house prices across the board.
High house prices are hugely damaging to our economy. But there’s no chance of either of our political parties making things better, says John Stepek.
Estate agents’ fortunes can tell us a great deal about which way the housing market is going, says Dominic Frisby. And Foxtons’ share price is in freefall.
Share prices in the property sector crashed by more than 20% in mid-2016 as soon as the news of the Brexit vote came through. Yet the market has performed much better than many expected. Property returns have fallen in the last year, but have still been positive.
Home ownership has fallen sharply as house prices have spiralled out of control. The reason behind it is clear, says John Stepek. And there’s only one way to fix it.
The property market has fallen for the third month in a row. Is a dramatic fall in house prices on the cards, asks Sarah Moore.
UK house prices have been falling for three months now. John Stepek explains why, and whether this is a healthy adjustment, or the start of a crash.
We could soon see an inflation-driven correction in the housing market. That won’t make anyone particularly happy. But it might be the least damaging solution to the house price bubble.
With a two-year fixed mortgage – the most popular term – you could be shopping for a new mortgage just as the UK leaves the EU. It could be worth fixing your payments for longer, says Ruth Jackson.
Commercial property investors are getting increasingly worried about the market – just as local councils pile in. It’s a recipe for disaster, says John Stepek.